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Oct 8, 2013
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our debt ceiling is now 14.3 trillion dollars. it will need to be raised in the coming year. >> that guy didn't have to be particularly bright. he just had to know what the dealt ceiling is. it was a completely non-controversial invisible element of our government. the staff of the senate finance committee where we actually had to write debt ceiling increass s into law. john boehner cannot be allowed to pretend that the madness that he is allowing to run rampant is something that every president in modern history has had to contend with. >> every president in modern history has negotiated over a debt limit. debt limits have been used to force big policy changes. >> there is exactly one speaker in modern history who has seriously tried. by exactly one speaker of the house and that speaker of the house is not speaking the truth. here once begin. >> this is something routine. it has been done more than 40 times since ronald reagan is president. it has never before been used in the kind of ways that the republicans are talking about u
our debt ceiling is now 14.3 trillion dollars. it will need to be raised in the coming year. >> that guy didn't have to be particularly bright. he just had to know what the dealt ceiling is. it was a completely non-controversial invisible element of our government. the staff of the senate finance committee where we actually had to write debt ceiling increass s into law. john boehner cannot be allowed to pretend that the madness that he is allowing to run rampant is something that every...
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Jan 1, 2013
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because in 60 days three things come together: the debt ceiling, what's the debt ceiling? america's mortgage. when we spend money for a war, for the department of agriculture, whatever it happens to be, ultimately we borrow 40 cents for every dollar we spend. so every president is forced to renew the mortgage, the debt ceiling of the united states. i think under president ronald reagan it was down over and over again, many times without even a record voavment bu vote. in a matter of 60 days or so, we'll face another need to renew america's mortgage; in other words, the full faith and credit of the united states government of the and that is going to be contentious, a matter of debate. at the same time, the continuing resolution, our temporary spending bill, expires. at the same time, the sequestration conviction in, which is -- sequestration kicks in, which is automatic spending cuts. so we'll have another challenge. let's hope we learned a lesson from this one. the american people are sick and tired of incompetence and political posturing and failure of congress to come t
because in 60 days three things come together: the debt ceiling, what's the debt ceiling? america's mortgage. when we spend money for a war, for the department of agriculture, whatever it happens to be, ultimately we borrow 40 cents for every dollar we spend. so every president is forced to renew the mortgage, the debt ceiling of the united states. i think under president ronald reagan it was down over and over again, many times without even a record voavment bu vote. in a matter of 60 days or...
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Oct 9, 2013
10/13
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raise the debt ceiling. the only condition tip asked to deliver democratic votes at that time -- by the way, under ronald reagan, we raised the date selling -- the debt ceiling 18 times. he asked for a thank you note from wrought -- from ronald reagan for voting for it. reagan in ad ronald tax increase one year after his reagan revolution because it was in fact hemorrhaging red ink. and to the president credit, he needed a tax increase and he got it. they save social security for another generation in the compromise they worked out. together on a lot of politicians. of policy issues. i commend the example of tip o'neill and ronald reagan, two very different ideological men, but they came together because they understood how important it was to the country. they didn't play the kind of reisman ship with the economy in the future of america -- the the kindeisman ship -- brinksmanship with the economy and the future of america. >> wall street has a role to play here. i think the business community has a role to
raise the debt ceiling. the only condition tip asked to deliver democratic votes at that time -- by the way, under ronald reagan, we raised the date selling -- the debt ceiling 18 times. he asked for a thank you note from wrought -- from ronald reagan for voting for it. reagan in ad ronald tax increase one year after his reagan revolution because it was in fact hemorrhaging red ink. and to the president credit, he needed a tax increase and he got it. they save social security for another...
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Oct 9, 2013
10/13
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eight days away from hitting the debt ceiling. the treasury department warned credit markets could freeze. the dollar could plummet. interest rates will skyrocket. and we could see, quote, a recession that could echo the events of 2008 or worse. but senator toomey doesn't buy it. here he is this morning. >> there's zero chance that the u.s. government is going to default even its debt. it's unfortunate that people have conflated this idea of not raising the debt ceiling immediately on october 17th with somehow defaulting on our debt. i haven't heard any of my republican colleagues suggest that it might be okay to default on our debt. >> oh, yeah. no republican is saying it's okay to default except congressman yoho. he said it would bring stability to the world markets. oh, and then there's this star team of debt deniers. >> the debt ceiling has never not been raised. so there is no debt ceiling. >> i don't think the credit of the united states is going to be collapsed. i think all this talk about a default is a lot of false demago
eight days away from hitting the debt ceiling. the treasury department warned credit markets could freeze. the dollar could plummet. interest rates will skyrocket. and we could see, quote, a recession that could echo the events of 2008 or worse. but senator toomey doesn't buy it. here he is this morning. >> there's zero chance that the u.s. government is going to default even its debt. it's unfortunate that people have conflated this idea of not raising the debt ceiling immediately on...
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Jan 2, 2013
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ceiling increasing the debt ceiling which brought on the fiscal cliff. if you remember that time it was a few days later, that following friday after the market closed, standard & poor's downgraded the united states credit rating so we can only assume, and wall street economists are quietly whispering this, we are expecting some type of another downgrade to take place probably in the next couple of days. >>neil: well the viewers say there goes neil cavuto back from vacation and the same old beating of the drum on how this is hell and high water and my only point in mentioning this is be careful of a one day snap reaction that is just relieved to have any deal but history shows markets eventually start selling off. will that happen here? or will the market just gladly continue whistling past the graveyard? >>guest: remember this is a headline-driven market and what i mean by that for fox, we hear the news each hour it changes but what we heard today going into the first trading day of the year, congress has the deal done, whether it is the right deal or n
ceiling increasing the debt ceiling which brought on the fiscal cliff. if you remember that time it was a few days later, that following friday after the market closed, standard & poor's downgraded the united states credit rating so we can only assume, and wall street economists are quietly whispering this, we are expecting some type of another downgrade to take place probably in the next couple of days. >>neil: well the viewers say there goes neil cavuto back from vacation and the...
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Oct 15, 2013
10/13
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hitting the debt ceiling would be bad. getting close to the debt ceiling is bad, too. are we close enough already to start worrying about the damage? joining us now is senator sheldon whitehouse of rhode island, a member of the senate budget committee. senator whitehouse, thank you so much for being with us. >> very happy to be with you. >> growing up, my dad always told me close only counts in horseshoes and hend grenades. >> this is the hand grenade version of that. >> oh, i was going to ask, does close also count in debt ceilings? are we already in dangerous territory? >> yeah, it absolutely does. there are two consequences of a default from not raising the debt ceiling. one is if you actually don't do it, and then markets and interest rates adjust in probably unimaginably bad ways. but even when you get close, other countries, bankers, people buying treasury securities look around and think this security doesn't seem quite as secure as it used to. i think i'm going to have to charge a little bit more in order to come in and be a buyer. and because we pay the intere
hitting the debt ceiling would be bad. getting close to the debt ceiling is bad, too. are we close enough already to start worrying about the damage? joining us now is senator sheldon whitehouse of rhode island, a member of the senate budget committee. senator whitehouse, thank you so much for being with us. >> very happy to be with you. >> growing up, my dad always told me close only counts in horseshoes and hend grenades. >> this is the hand grenade version of that. >>...
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Sep 27, 2013
09/13
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do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled their big wish list for all the things that they want, in exchange for not sending the country into catastrophic default. the u.s. government is set to go into default on october 17th, three weeks from today. and republicans say that they will let that happen. they will crash our economy and likely crash the world economy, unless democrats agree to pretty much everything republicans have asked for over the last few years. they want to delay obama care for a year, they want to gut wall street reform, they want to approve the keys
do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled...
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Oct 14, 2013
10/13
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bills and ronald reagan said send me a debt ceiling increase. look what he says. he said -- "the full consequences of a default or even the serious prospect of default by the united states are impossible to predict and awesome to contemplate. denigration of the full faith and credit of the united states would have substantial effects on the domestic financial markets and the value of the dollar." ronald reagan, 1983. and that's when our economy was much smaller than it is today. so how does the party of ronald reagan now get us to this point where three days we're about to default? i didn't hear one word out of them when they decided to put two wars on the credit card and a huge tax break for billionaires on the credit card and a big medical prescription drug benefit on the credit card. not one word out of them. oh, vote, vote, vote, vote. and what happened? we had a surplus under bill clinton, we had a huge increase in the deficits under george w. bush, and, by the way, president obama got handed an enormous deficit which he has cut in half. so
bills and ronald reagan said send me a debt ceiling increase. look what he says. he said -- "the full consequences of a default or even the serious prospect of default by the united states are impossible to predict and awesome to contemplate. denigration of the full faith and credit of the united states would have substantial effects on the domestic financial markets and the value of the dollar." ronald reagan, 1983. and that's when our economy was much smaller than it is today. so...
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Oct 10, 2013
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they didn't downgrade over a debt ceiling. the downgraded it because they lost confidence that we are willing to deal with our debt. that is the issue that i believe we need to focus on. cbo has recently stated that if we continue our current path, at some point investors would begin to doubt the government's willingness or ability to pay the u.s. debt obligations. i think at some point another credit rating agency is going to become convinced that we will not deal with our debt crisis. so the question that i have to the panel if the threat of default that each of you talked about, the fault on the u.s. treasury obligations, is that greater because of the fight we are having in washington right now over whether the debt ceiling will be extended or is it not far greater role for the fact we cannot get into the negotiations to resolve our entitlement spending and to reform our tax code? >> i know you mentioned this in your comment so let me mention this. >> center, as i said in my statement, i think that credit worthiness depend
they didn't downgrade over a debt ceiling. the downgraded it because they lost confidence that we are willing to deal with our debt. that is the issue that i believe we need to focus on. cbo has recently stated that if we continue our current path, at some point investors would begin to doubt the government's willingness or ability to pay the u.s. debt obligations. i think at some point another credit rating agency is going to become convinced that we will not deal with our debt crisis. so the...
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Jan 14, 2013
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ceiling and your own debt ceiling and doesn't it suggest we're going into a default situation because no one is talking to each other about this. >> no, major, i think if you look at the history. getting votes for the debt ceiling is difficult and votes in in town are difficult. i went through this last year. what is different we never saw a situation like we saw last year in which certain groups in congress took such an absolutist position that we came within a few days of defaulting. >> lou dobbs is the host of lou dobbs tonight on the fox business network. lou, welcome back. what an extraordinary exchange we saw the president have on that issue. basically his position was, we're raising the debt ceiling whether congress wants to or not. i'm not negotiating with them on it. i'm not following what speaker boehner said is the boehner rule of for every dollar we increase the debt limit there will be a spending cut and i'm not going to let them put a gun at the heads of american people because in his terms, they refuse to pay the bills that they've agreed to pay and when asked about the
ceiling and your own debt ceiling and doesn't it suggest we're going into a default situation because no one is talking to each other about this. >> no, major, i think if you look at the history. getting votes for the debt ceiling is difficult and votes in in town are difficult. i went through this last year. what is different we never saw a situation like we saw last year in which certain groups in congress took such an absolutist position that we came within a few days of defaulting....
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Sep 27, 2013
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raise the debt ceiling? what's so hard? why do we need to negotiate? >> because you need to change the trajectory of the debt. >> the debt has changed trajectory -- >> yeah. you have to, like, what are you going to do to lower it, so you're just not automatically raising it. >> let me bring in keith ellison, co-chair of the progressive caucus, what's your reaction? >> i think that weaponizing the debt ceiling is bad economic policy, i think it's bad legislative policy, and i'm very sorry that this has happened. we can negotiate over the budget, we negotiate all the time. but to put something like the full faith and credit of the american economy on the line is just beyond pale. and americans show know. we're not asking about permission to spend future more, we're talking about permission to pay the bills we've already acquired. >> let me ask congressman cole about negotiation. everybody likes negotiation, we have a system of government that requires it in certain circumstances. there's a budget process in wh
raise the debt ceiling? what's so hard? why do we need to negotiate? >> because you need to change the trajectory of the debt. >> the debt has changed trajectory -- >> yeah. you have to, like, what are you going to do to lower it, so you're just not automatically raising it. >> let me bring in keith ellison, co-chair of the progressive caucus, what's your reaction? >> i think that weaponizing the debt ceiling is bad economic policy, i think it's bad legislative...
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Oct 16, 2013
10/13
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ceiling fight or debt default would look like, it's already here. the shutdown has already cost tens of billions, maybe $20 billion in damage to the overall economy right now. when you go back to the beginning of the budget battles you've got jobs that have been lost by some accounts 800 to 1 million -- 800,000 to 1 million jobs have been lost simply because the budget fighting and jess ter and first debt ceiling fight and all that nonsense. this is already hurting. main street is already feeling this. and washington just doesn't seem to get the message, this is hurting all kinds of corners of the economy, not necessarily the markets yet but it has already been hurting real people. and still that hasn't compelled a deal. it's concerning. >> interesting. christine romans, appreciate the update. joining me now is republican congressman james langeford. congressman good to have you here. what happened in the house today when the vote separated? -- evaporated. >> we said what could we send over to the senate first. go from there. we were not able to pul
ceiling fight or debt default would look like, it's already here. the shutdown has already cost tens of billions, maybe $20 billion in damage to the overall economy right now. when you go back to the beginning of the budget battles you've got jobs that have been lost by some accounts 800 to 1 million -- 800,000 to 1 million jobs have been lost simply because the budget fighting and jess ter and first debt ceiling fight and all that nonsense. this is already hurting. main street is already...
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with the debt ceiling, if you don't have authority, what do you do? you stop paying bills, if you are federal government. you stop sending checks to our supplier. neil: that really hurts the ones who are perceived as making it possible. >> in short run, hospitals do not get reimbursed for the medical expenses. neil: i think that is it, republicans are afraid of their own shadow, what is to compel democrats to offer spending cuts if they think that the republicans are afraid? >> i think that thing that helps is every expert in washington agrees that long-term entitlements need to be changed. neil: we've been saying it for a while, a lot of american people are far happier with raising taxes on the rich. >> but the had the said i'm not changing social security in the contact of improving the budget. i will do it to strengthen social security. the rhetoric will move in this direction. neil: that means it has to be truthful. >> well, basically, kind of thing that republicans talked about a little bit changing the intectioninindexing formula. neil: that was
with the debt ceiling, if you don't have authority, what do you do? you stop paying bills, if you are federal government. you stop sending checks to our supplier. neil: that really hurts the ones who are perceived as making it possible. >> in short run, hospitals do not get reimbursed for the medical expenses. neil: i think that is it, republicans are afraid of their own shadow, what is to compel democrats to offer spending cuts if they think that the republicans are afraid? >> i...
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Oct 16, 2013
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ceiling fight or debt default would look like, it's already here. the shutdown has already cost tens of billions, maybe $20 billion in damage to the overall economy right now. when you go back to the beginning of the budget battles you've got jobs that have been lost by some accounts 800 to 1 million -- 800,000 to 1 million jobs have been lost simply because the budget fighting and jess ter and first debt ceiling fight and all that nonsense. this is already hurting. main street is already feeling this. and washington just doesn't seem to get the message, this is hurting all kinds of corners of the economy, not necessarily the markets yet but it has already been hurting real people. and still that hasn't compelled a deal. it's concerning. >> interesting. christine romans, appreciate the update. joining me now is republican congressman james langeford. congressman good to have you here. what happened in the house today when the vote separated? >> t -- evaporated. >> we said what could we send over to the senate first. go from there. we were not able t
ceiling fight or debt default would look like, it's already here. the shutdown has already cost tens of billions, maybe $20 billion in damage to the overall economy right now. when you go back to the beginning of the budget battles you've got jobs that have been lost by some accounts 800 to 1 million -- 800,000 to 1 million jobs have been lost simply because the budget fighting and jess ter and first debt ceiling fight and all that nonsense. this is already hurting. main street is already...
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Oct 8, 2013
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but the way the debt ceiling often got passed was you'd stick the debt ceiling onto a budget negotiation and once it was completed, because people figured, well, i don't want to take a bunch of tough votes to cut programs or raise taxes, and then also have to take a debt ceiling vote. let me do it all at once. but it wasn't a situation in which, you know, what if i don't get what i want, then i'm going to let us default. that's what's changed. and that's what we learned in 2011. and so as a consequence i said, we're not going to do that again. not just for me, but because future presidents, republican or democrat, should not be in a position where they have to choose between making sure the economy stays afloat and we avoid worldwide catastrophe, or we provide concessions to one faction of one party in one house. but let me tell you a lesson i did not learn. i did not learn a lesson that we shouldn't compromise. i still think we should. i still think there are all kinds of issues that we should be talking about and i don't expect to get 100% of my way. and i'm still very open to having c
but the way the debt ceiling often got passed was you'd stick the debt ceiling onto a budget negotiation and once it was completed, because people figured, well, i don't want to take a bunch of tough votes to cut programs or raise taxes, and then also have to take a debt ceiling vote. let me do it all at once. but it wasn't a situation in which, you know, what if i don't get what i want, then i'm going to let us default. that's what's changed. and that's what we learned in 2011. and so as a...
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Sep 26, 2013
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as we dive in on this about the debt ceiling. we heard the president say he's not going to negotiate on anything when it comes to full faith and credit in our economy. is the debt ceiling where you expect the real fight to begin? >> thank you so much for having me, mr. roberts. i do expect for that to be the real fight. i do expect for the president, of course, to hold fast to the fact he will not negotiate on the full faith and credit of the united states of america. we're not talking about policy and programs going forward. we're talking about trying to pay the bills that we have already incurred. we have spent this money. we are trying to pay the bills. and for us to stay that we are not going to pay our bills is something that's absolutely ludicrous. now, if the republicans want to talk about spending going forward, lets sit down and have that kind of discussion. but when we are talking about paying our bills so that we can maintain a good credit rating, that should not be negotiable at all. i think that we are -- the preside
as we dive in on this about the debt ceiling. we heard the president say he's not going to negotiate on anything when it comes to full faith and credit in our economy. is the debt ceiling where you expect the real fight to begin? >> thank you so much for having me, mr. roberts. i do expect for that to be the real fight. i do expect for the president, of course, to hold fast to the fact he will not negotiate on the full faith and credit of the united states of america. we're not talking...
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that's the debt ceiling. if we go past that, that's serious because way down the road, october 17, way down the road we might run out of money and default on our obligations. but that is way down the road. >>brian: you're saying there's things the treasury could do to maneuver things to allow us to negotiate on the debt ceiling past that date? >> of course. we've got tax revenue coming in all the time. you use that tax revenue to pay the principal on your debt and the interest on your debt. you do not default. >>brian: you understand legislatively why people say the g.o.p. has leverage on the debt ceiling but not in this debate? >> if we go past the debt ceiling, that is a much bigger problem for president obama. president obama is the c.e.o. of america. it is his job to organize our finances. if he goes up to that deadline, doesn't negotiate and we go cross that deadline, the blame falls, i think, largely on him. >>steve: so it would be in the democrats' best interest to get things done quickly, wrap up this
that's the debt ceiling. if we go past that, that's serious because way down the road, october 17, way down the road we might run out of money and default on our obligations. but that is way down the road. >>brian: you're saying there's things the treasury could do to maneuver things to allow us to negotiate on the debt ceiling past that date? >> of course. we've got tax revenue coming in all the time. you use that tax revenue to pay the principal on your debt and the interest on...
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Jan 23, 2013
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battle when the debt ceiling rolls around. >> our opportunity here is on the debt ceiling. this is where we have leverage. >> remember that the gop vowing to hold the country hostage for cuts? they had the leverage, getting ready to fight. speaker boehner even tried his hand at extortion saying, "there's a price for everything." but, now, here comes the cave. today, republicans in the house voted to suspend the debt ceiling. what about the hostage-taking? not this time. and remember all the usual bluster in those press conferences of theirs? today, the gop leaders ducked the press. only a few print reporters, boehner's camera man and a lone fox news camera were there to capture their comments in their entirety. huh? so why the sudden change? >> the full faith and credit of the united states of america is not a bargaining chip. we are not a deadbeat nation. >> they will not collect our ransom in exchange for not crashing the american economy. what i will not do is to have that negotiation with the american people. we're not going do do that. >> they're not going to do that.
battle when the debt ceiling rolls around. >> our opportunity here is on the debt ceiling. this is where we have leverage. >> remember that the gop vowing to hold the country hostage for cuts? they had the leverage, getting ready to fight. speaker boehner even tried his hand at extortion saying, "there's a price for everything." but, now, here comes the cave. today, republicans in the house voted to suspend the debt ceiling. what about the hostage-taking? not this time....
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Oct 12, 2013
10/13
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the senate is voting on a debt ceiling bill. it would extend the debt ceiling for one year. a vote on the measure is expected to be held around noon. negotiations around -- they try to reach an agreement to end the federal government shut down and move forward on the debt ceiling. you can watch the house live on c-span. >> we want to know how the government shutdown is affecting you. >> make your video message about the shut down and upload it at tal.com -- tout.com. >> part two our conversation with josh bolten. with thes what you saw press, the media, and that world. how did you view them? >> usually with hostility. it's the natural state of affairs. between the white house and the press corps. that is just the nature of what the press days to do. they need to catch the white house on whatever is going on. bolten on q&a.sh >> the values voter summit meeting is in this -- is this we can. it is a conference of social conservatives. republican senators mike lee, ted cruz, rand paul, marco rubio, and tim scott spoke of the conference. this is two hours. >> good morning. welcom
the senate is voting on a debt ceiling bill. it would extend the debt ceiling for one year. a vote on the measure is expected to be held around noon. negotiations around -- they try to reach an agreement to end the federal government shut down and move forward on the debt ceiling. you can watch the house live on c-span. >> we want to know how the government shutdown is affecting you. >> make your video message about the shut down and upload it at tal.com -- tout.com. >> part...
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ceiling so we can pay our bills and this is going to generate such more so much more debt you know if we're going to go through this process in the vetting how about this would this be for a compromise these individuals who would now be on this path to citizenship would not receive any state or federal benefits welfare under any euphemism have to work on the books and such so as not to displace an american worker and not be a bigger burden on our financial system though they already have it already inside the possibility some people may need some of those benefits because they're operating below the poverty level or they have children in school and you would call a public education a benefit i would and i would consider call it a right but you know are you making the case let's put them on the books let's let's no no no the minimum wage at the very least you know pay them pay them living wages well that's what i understand you correctly called me in here illegally now you have a right to go to school it's outrageous what about us taxpayers who have to pay in and pay you know i spoke a
ceiling so we can pay our bills and this is going to generate such more so much more debt you know if we're going to go through this process in the vetting how about this would this be for a compromise these individuals who would now be on this path to citizenship would not receive any state or federal benefits welfare under any euphemism have to work on the books and such so as not to displace an american worker and not be a bigger burden on our financial system though they already have it...
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we'd better not approach the debt ceiling don't even get cleared out the debt ceiling the the different the default the other debts if that's if he said don't even go near that thing he said i you know it's never happened in the history of america and i don't want to be alive when it happens i don't want to be part of the generation that sees this happen meanwhile on the other side of that exact same issue three term republican congressman john fleming of louisiana told the new york times that we shouldn't trust economists on the debt ceiling saying that economists what have they been doing they make all sorts of predictions let me went on to say that many times there was so i don't think we should run our government based on economists predictions i mean the fact is though that it's not just economists who are saying i mean it's governments all over the world when a government defaults it's. what was a cyprus they defaulted on their debt and their and their bonds one of like twelve points or something like that i mean it's had a caller to the show to my radio show today who works in a
we'd better not approach the debt ceiling don't even get cleared out the debt ceiling the the different the default the other debts if that's if he said don't even go near that thing he said i you know it's never happened in the history of america and i don't want to be alive when it happens i don't want to be part of the generation that sees this happen meanwhile on the other side of that exact same issue three term republican congressman john fleming of louisiana told the new york times that...
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Oct 9, 2013
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byy raise the debt ceiling under ronald reagan we raise the debt ceiling 18 times. yet for a thank you note from ronald reagan. tip supported ronald reagan in a tax increase one year after his reagan revolution because it was hemorrhaging red ink. he needed a tax increase. he got it. they save social security for another generation in that compromise and it worked out. he worked together on a lot of policy issues. this relentless opposition to the president hurts the country. we have a loyal opposition that is healthy, but i commend the example of tip o'neill and ronald reagan. two very different ideological tents. but they came together because they understood how important it was. -- it is not as if he is -- [laughter] play.treet has able to i think the business community has a role to play. people who the republican caucus have respect for. i know that they are waiting in. tune orlly need to fine republican caucus if they have not started it already. maybe their constituents want their rates to go up on the home mortgage. maybe the one interest rates to go up to
byy raise the debt ceiling under ronald reagan we raise the debt ceiling 18 times. yet for a thank you note from ronald reagan. tip supported ronald reagan in a tax increase one year after his reagan revolution because it was hemorrhaging red ink. he needed a tax increase. he got it. they save social security for another generation in that compromise and it worked out. he worked together on a lot of policy issues. this relentless opposition to the president hurts the country. we have a loyal...
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allowing the united states to default on its debt by not raising the debt ceiling would be catastrophic to the global economy just playing with the idea back in two thousand and eleven led markets to tumble and our national credit rating to be downgraded the republican hostage takers are undeterred and the cable news media is giving them cover by not calling out just how dangerous their brinksmanship is united states is long had a policy of not negotiating with terrorists today republicans are acting like economic terrorists and could do far more harm to our economy by defaulting on our debt than al qaeda could ever have dreamed of. so why should they be negotiated with joining me now to answer that is neil mccabe senior reporter with human events online and editor of the guns and patriots column and welcome back to the top good to have you with us so you know if you would you know i guess one of the rules of hostage taking sure is you don't take a hostage unless you're willing to kill or at least kneecap the hostage right if you know if your threat isn't isn't serious so are the republ
allowing the united states to default on its debt by not raising the debt ceiling would be catastrophic to the global economy just playing with the idea back in two thousand and eleven led markets to tumble and our national credit rating to be downgraded the republican hostage takers are undeterred and the cable news media is giving them cover by not calling out just how dangerous their brinksmanship is united states is long had a policy of not negotiating with terrorists today republicans are...
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Jan 6, 2013
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the big battle is yet to come and it's over the debt ceiling. it's going to be a big battle, and i share every comment and every sentiment that senator graham said because that's the one where we have to find a way to make a deal. and the president is not going to make a deal by poking us in the eye and by charging one side against the other to try to have a win-win proposition. i never made a deal if it wasn't a win-win proposition. i always lost a deal when i made it a win-lose proposition. i'm at the table. i continue to negotiate. i want to make this one work, but let's work together, let's find common ground, and in the 12th hour and the 11th hour, let's do what's right for the american people. but i want to thank senator graham, senator corker and senator mccain for their remarks. i associate myself with them. senator mccain, i yield back to you. i yield to the senator from tennessee. mr. mccain: i yield. the presiding officer: the senator from tennessee. mr. corker: i thank the senator from arizona, south carolina and georgia for the comm
the big battle is yet to come and it's over the debt ceiling. it's going to be a big battle, and i share every comment and every sentiment that senator graham said because that's the one where we have to find a way to make a deal. and the president is not going to make a deal by poking us in the eye and by charging one side against the other to try to have a win-win proposition. i never made a deal if it wasn't a win-win proposition. i always lost a deal when i made it a win-lose proposition....
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Oct 2, 2013
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because the polls on the debt ceiling show that 61% of the american people don't want the debt ceiling raised until there's further debt reduction. so they were on much sounder ground because those things are consistent. they cough fought there. but you're right. i think chris is right. the hatred for the president is warping their judgment. they don't want to make real progress. they don't want real compromise. they just want to destroy and they can't destroy. >> they're destroying the speakership. i think they're destroying the speakership, too, governor. >> i agree. >> i want to ask you michael, reince priebus the leader of the republican party, he beat you in that race. i don't think he's the true leader of anything. he has sided with ted cruz against the speaker, it seems. and to take sides against the elected leader of the house who holds a constitutional position is to undermine him in his own caucus. i think that's part of this problem. why is priebus one of the lemmings running towards a freshman senator who's only been in congress a half a year? >> and i can't speak to the ra
because the polls on the debt ceiling show that 61% of the american people don't want the debt ceiling raised until there's further debt reduction. so they were on much sounder ground because those things are consistent. they cough fought there. but you're right. i think chris is right. the hatred for the president is warping their judgment. they don't want to make real progress. they don't want real compromise. they just want to destroy and they can't destroy. >> they're destroying the...
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Jan 20, 2013
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let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> let me ask you a question. a bill that says regardless of what happens the debt ceiling, that the united states will never default on the debt. would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the mcconnell act. >> we may have just made news. >>> last week, general colin powell was here worried about a dark vein of intolerance in republican parties in some quarters. you are part of a stream of new faces in the republican party, minority faces and voices in the party that seem to stand against that. how did you respond to it? >> well, i saw that interview. i respect general powell a great deal. i was disappointed with those comments. i think he was buying into some of the partisan attacks. if you look at this last election, f
let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> let me ask you a question. a bill that says regardless of what happens the debt ceiling, that the united states will never default on the debt. would you support that or not? >> i support the concept. i'd have to look at the bill. the...
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Jan 21, 2013
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the president insisted he would not negotiate the debt ceiling again. the republican response is to give themselves more time before raising it. the partisan posturing, the positioning, that will yield to partisanning battling anew. >>neil: thank you. now, something that is fascinating. four years ago and again here, they get out of the their cars, the president and the vice president, they wave to the crowd, keep in mind they are feet away from the reviewing stand. they get back in the car. then to the reviewing stand and i am sure there is logic and reason and it has to do with the timing of it all but they are feet away. i could touch them. he will take the rest of the way by car. that is the vice president and the president. they will soon be in the reviewing stand. the former chairman of ubs america, a very, very important influential financial player for the obamas and kitchen cabinet type advisors on all things business community. very good to see you. thank you for coming. >> i have not seen you since election night. good to be on. chuck schumer
the president insisted he would not negotiate the debt ceiling again. the republican response is to give themselves more time before raising it. the partisan posturing, the positioning, that will yield to partisanning battling anew. >>neil: thank you. now, something that is fascinating. four years ago and again here, they get out of the their cars, the president and the vice president, they wave to the crowd, keep in mind they are feet away from the reviewing stand. they get back in the...
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Jan 21, 2013
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ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure, it's a sign that the u.s. government can't pay its own bills, it's a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. leadership means that the buck stops here. instead, washington is shifting the burden of bad choices today on the backs of our children and grandchildren, therefore intend to oppose the effort to increase america's debt limit. in 2008, candidate obama blamed president bush and called the growing debt unpatriotic. >> number 43 added 4 trillion dollars by his lonesome so that we no
ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a...
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Oct 9, 2013
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echo -- debt ceiling? is wrong with postponing the obama law? quit acting like kindergartners. sit down and hash it out. he is just asking for you to implement the law. republican states are fighting it. sit down and hash it out. they postponed laws all the time. scott inhear from pennsylvania, republican line. >> good morning, sir, how are you? host: good morning. noter: i honestly do believe -- i think our freedom of choice has been taken away from us. i think that president obama needs to sit down and discuss this and really think about what he is doing to people. i make $630 a month on unemployment. after i pay my car insurance and fill my vehicle with gas, it costs me $90 to fill my vehicle with gas because that is the vehicle i can afford. he thinks that this health care is affordable to me? i do not think so. i am not the only one, there are more out there like that. that is all i have to say, thank you for your time. >> that was scott, from pennsylvania. this is the democratic line, delbert. caller
echo -- debt ceiling? is wrong with postponing the obama law? quit acting like kindergartners. sit down and hash it out. he is just asking for you to implement the law. republican states are fighting it. sit down and hash it out. they postponed laws all the time. scott inhear from pennsylvania, republican line. >> good morning, sir, how are you? host: good morning. noter: i honestly do believe -- i think our freedom of choice has been taken away from us. i think that president obama needs...
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Oct 3, 2013
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ceiling october 17th, that debt ceiling is raised so the country does not default. let's go to christine romans. christine, the dow jones as we have been watching the president speak and he's making the case, he said as reckless as a government shutdown is, an economic shutdown, meaning not raising the debt ceiling, would be dramatically worse. the dow jones right now is down over 130 points. set the scene for us, because just about an hour or so ago, officials at the treasury department also laid out a very dire scenario if congress does not raise the debt ceiling. >> reporter: they did, quite frankly. senior administration officials saying, talking about a credit market squeeze, freeze like we saw in 2008, talking about interest rates spiking, making it more difficult for homeowners to borrow money, for anybody borrowing money, car loans, all that kind of stuff. could be very difficult for companies to raise money. you're talking about a stock market that could be completely unhinged and you're talking about a world economy that would be thrown off balance. treasu
ceiling october 17th, that debt ceiling is raised so the country does not default. let's go to christine romans. christine, the dow jones as we have been watching the president speak and he's making the case, he said as reckless as a government shutdown is, an economic shutdown, meaning not raising the debt ceiling, would be dramatically worse. the dow jones right now is down over 130 points. set the scene for us, because just about an hour or so ago, officials at the treasury department also...
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Oct 9, 2013
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he needed to raise the debt ceiling. that's right the same debt ceiling that his party had been voting to the last member against. not a single republican member in the house voted to raise the debt ceiling leaving it to the democrats to do it themselves and getting bricks thrown at them for doing it. reagan had to raise the debt limit himself. tip o'neill not wanting to rain on the new president's parade, wanted one condition. he wanted a letter from ronald reagan himself to every democratic member of congress to vote for the death ceiling. that's all just a letter. he was okay with helping reagan doing what he needed to do. the letters arrived, reagan got his vote. john boehner, are u listening? are you paying attention to history? it's time to lead your party out of this dead end canyon that history will blame you for.
he needed to raise the debt ceiling. that's right the same debt ceiling that his party had been voting to the last member against. not a single republican member in the house voted to raise the debt ceiling leaving it to the democrats to do it themselves and getting bricks thrown at them for doing it. reagan had to raise the debt limit himself. tip o'neill not wanting to rain on the new president's parade, wanted one condition. he wanted a letter from ronald reagan himself to every democratic...